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Initiates Phase III Trial
April 23, 2015
By: Kristin Brooks
Ligand Pharmaceuticalshas earned a $500,000 milestone payment from SAGE Therapeutics relating to the initiation of SAGE’s Phase III study to evaluate the safety of SAGE-547 in patients with super-refractory status epilepticus (SRSE). Results from this trial, along with results from SAGE’s planned Phase III placebo-controlled trial, and other clinical data from the SAGE-547 development program will be used for an New Drug Application (NDA) submission. Ligand entered into a Captisol license agreement with SAGE for the development and commercialization of SAGE-547 in 2011.
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